Industrial Technology Systems Limited

Industrial Technology Systems Ltd from Middlesbrough, UK, is a small, holding company with an active status. Established 33 years ago in 1991, it employs 35 people and holds assets totaling £2,610,132. The company, with three directors and one owner, maintains a real address and boasts a stellar 5.0 Google rating based on six reviews. It’s a regular importer of optical and medical tools and devices, with seven months of import activity recorded.

The company operates in the engineering design activities for industrial process and production industries. It positions itself as a trusted advisor in the Life Science, Chemical, and Power Energy sectors, offering solutions like business operational systems, cyber security, and manufacturing execution systems. Its website highlights its expertise in systems integration and automation, serving highly regulated industries. The company also provides validation services, training, and consultancy, and even offers automated cobot solutions and digitised building options.

Financially, Industrial Technology Systems Ltd shows some interesting trends. Cash reserves have significantly increased by 220%, reaching £1,500,000, while current assets have grown by 74% to £2,600,000. However, creditors have surged by a massive 70%, reaching £1,800,000, and net losses have deepened. Bank borrowings have decreased by 58%, which is a positive sign. The company's small size (meeting two of three conditions for being a small company) helps it remain agile. No auditor is mentioned, which is typical for a company of this size. The company’s retained earnings have increased by 69%, which is a good indicator of profitability. It's clear the company is experiencing growth, but the increase in creditors suggests a need to manage cash flow more effectively.

Registered in England/Wales under the registration number 02658829, with a registered address at TS2 1RH, Middlesbrough, Cleveland, Its House, High Force Road Riverside Park.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.